Financial Life Advisors Reduces Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Financial Life Advisors decreased its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 97.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,727 shares of the company’s stock after selling 352,716 shares during the period. Financial Life Advisors’ holdings in SPDR Portfolio High Yield Bond ETF were worth $205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sei Investments Co. raised its stake in SPDR Portfolio High Yield Bond ETF by 5.7% in the first quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock worth $462,499,000 after buying an additional 1,061,796 shares in the last quarter. LPL Financial LLC boosted its position in SPDR Portfolio High Yield Bond ETF by 12.3% during the 4th quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock valued at $208,358,000 after acquiring an additional 967,530 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 34.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock worth $207,971,000 after acquiring an additional 2,232,954 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 0.6% in the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock worth $171,527,000 after acquiring an additional 46,030 shares in the last quarter. Finally, Ocean Park Asset Management LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 53.4% in the 2nd quarter. Ocean Park Asset Management LLC now owns 6,080,823 shares of the company’s stock valued at $142,534,000 after purchasing an additional 2,116,024 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Up 0.1%

NYSEARCA SPHY opened at $23.35 on Tuesday. The firm has a market capitalization of $11.67 billion, a PE ratio of 7.31 and a beta of 0.38. The stock’s 50 day moving average is $23.31 and its 200 day moving average is $23.40. SPDR Portfolio High Yield Bond ETF has a twelve month low of $23.02 and a twelve month high of $23.99.

SPDR Portfolio High Yield Bond ETF Company Profile

The SPDR Portfolio High Yield Bond ETF (SPHY) is an exchange-traded fund that is based on the ICE BofA US High Yield index. The fund tracks an index that measures the performance of USD-denominated junk bonds. SPHY was launched on Jun 18, 2012 and is managed by State Street.